Agree with You Luckybas. Thats why I bought in yesterday with 8...

Agree with You Luckybas. Thats why I bought in yesterday with 8 mill shares. The technology in this company is massive!
Just look at this info from the ECT website:ECT invited to present to India’s Energy Minister
Date: October 28, 2016
Sydney Clean Energy Roundtable

ECT’s Executive Chairman Mr Glenn Fozard yesterday presented to India’s Federal Minister for Power, Coal, New & Renewable Energy and Mines the Hon. Shri Piyush Goyal.

Minister Goyal was in Australia to lead the ‘Clean Energy Roundtable’, a private business meeting with Australian Government and Industry leaders to discuss Australian clean energy solutions, and their opportunities in India.

Mr Fozard presented ECT’s Coldry and Matmor project, being pursued in partnership with NLC India and NMDC, along with our highly skilled engineering partners Thermax and M.N. Dastur.

The Coldry process, a low temperature, a low-pressure, cost-effective method for drying high moisture brown coal, can reduce its CO2 intensity in electricity in production and other higher value applications such as coal-to-gas and high-value chemicals.

The Matmor process, a unique iron-making method that replaces higher cost coking coal with lower cost lignite, utilises alternative, lower cost iron ore fines instead of premium lump ore via a lower cost plant capable of integrating with existing downstream secondary steel making processes. It features an alternative chemical pathway to achieve the reduction of metal oxides at lower temperatures and faster process times than traditional methods.

Combined, Coldry acts as a front-end material preparation stage for Matmor.

The presentation highlighted the economic and environmental benefits of the technologies. Mr. Fozard emphasised the superiority of the financial results generated by a commercial scale Coldry-Matmor-Electric Arc Furnace (C/M-EAF) integrated plant compared to a traditional Blast Furnace-Basic Oxygen Furnace (BF-BOF) technology combination, as detailed in the Techno-Economic Feasibility (TEF) Study, completed earlier this year.

A headline key performance indicator for any industrial project is its Internal Rate of Return (IRR). At more than 17% IRR, ECT’s solution can deliver a distinct advantage over the traditional Blast Furnace route.

ECT’s technology solution also helps achieve economic and environmental objectives, including increased raw material security through utilisation of domestic resources and improved environmental outcomes through lower CO2 emissions, among others.

Importantly, the presentation also spotlights the benefit of decoupling the project’s financial performance from the volatility associated with traditional iron making raw materials; coking coal and premium lump ore.

Following the presentation, the Minister provided some very direct and encouraging feedback, noting that the company’s technologies could help India reduce her reliance on imports by enabling the utilisation of domestic resources for steel market inputs.

The TEF study, released mid-year, used average pricing applicable through the period July 2015 to June 2016 which, being based on recent historic lows, was conservative. This conservatism, though prudent at this stage of development, downplayed the core competitive advantages of Matmor in its ability to utilise alternative raw materials.

With recent structural changes to the supply of coking coal, dramatic escalations in price have impacted the steel market significantly, with the most recent commodity reporting information showing a further escalation of coking coal prices to US$245 per tonne on the spot market, and 2017 futures holding between $US 170-210. Importantly, using the cost modelling developed as part of the TEF study, the BF/BOF technology has a zero IRR at coking coal prices above $US155 per tonne. Matmor, on the other hand, is insulated from such impacts.

Those impacts are outlined within the slide deck available for download below.

Mr Fozard stated “The Minister was again very supportive in his questions and comments, and expressed a desire for us to move more quickly. Indeed, he recommended we make direct contact with his office so that more support may be arranged to accelerate progress.”New Patent Application Filed
Date: November 24, 2016
Environmental Clean Technologies Limited (ECT or Company) (ASX:ESI) is pleased to announce it has submitted a new Australian provisional patent application on an improved Metal Oxide Reduction process, HydroMOR.

As the market is aware, the Company’s Matmor process has been the subject of much activity in the last two years:

The purchase of the Matmor Test Plant assets at its Bacchus Marsh facility
The acquiring of the Matmor intellectual property from the original owners
Subsequent development work related to the India project opportunity with partners, NLC India and NMDC
Most recently, upgrade works to the Test Plant to ready it for a new period of operational activity in support of Pilot Plant design works


The new process, HydroMOR, is an improvement over the existing Matmor process, deriving further advantage from its unique raw material base, especially the hydrocarbon-rich low-rank coals used in the role of reductant.

The process derives its name from the utilisation of Hydrogen to enhance the reduction process used to create metals from ore.

The benefits the Company sees in the application of the HydroMOR process include further reductions in capital cost due to its ability to achieve the required metal reduction at a lower temperature, and operating savings in terms of raw material efficiency improvements, as well as decreased CO2 intensity. With the capital cost savings being applied to carbon offsets, this brings closer the potential of carbon emissions neutral steel production.

ECT Managing Director Ashley Moore stated “The Company is in the business of developing and commercialising innovative new technologies which bring us closer to a zero emissions future. HydroMOR is a significant step in that direction. The filing of this provisional patent application also improves the company’s ability to better protect and monetise our intellectual property. We also look forward to incorporating the capacity into our next projects to deploy and develop HydroMOR, to be able to demonstrate at scale its improved capabilities.”

Read up...huge potential about to be realized! At the highest levels of Government energy in India!